Investors' Soapbox AM

Electric Utilities Could Drop 10%

Credit Suisse cut target prices on Entergy, Exelon and FirstEnergy.

October 30, 2013

Credit Suisse

We still see downside risk to integrated utilities' stock prices with targets showing a nearly 10% downside, reflecting weak business fundamentals and our perspective that current valuations still do not support where the stocks trade. We appreciate contrarian investment desires after lots of underperformance, but don't see fundamentals or valuations supporting more than a trade.